and i always enjoy being on a panel with scott and rick. havethink we're going to an interesting discussion. i want to take on just about everything that was said so let me get started. i have ten minutes to do this. title 1, title 1 of dodd-frank. right now, as you heard, it december ignates 36 bank holding companies as liable to create instability in the u.s. economy if they fail. in addition, it goes on to permit the financial stability oversight council to designate an unknown number of additional non-bank institutions that could create instability in the u.s. economy if they fail. now what does it mean when congress gives this authority to the f.s.o.c. or december ignates this notion in the statute? what it says is these institutions are too big to fail. so not only are we worried about the problem of too big to fail but we've made the problem worse by embedding it in the statute for these banking ins institutions and perpting them to designate certain institutions and we understand from them reading the newspapers they have four insti